Duke   University  Libraries 

A  bill  to  be  en 
Conf  Pam  #238 


[HoUil   OF   REPBBSSHTATITRi,   N«.    183.] 

HOUSH  OP  REPRESENTATIVES,  Nov.  9th,  1864.— Read 
Urst  and  second  times  and  referred  to  Committee  of  Ways  aid 
Means.    Jan.  l8th,  1865.— Ordered  to  be  printed. 

[Bj  Mr-  Russell. 


A    BILL 

To  be  entitled  An  Act  to  consolidate  the  public  debt. 

1  The   Congress  of  the   Confederate   States  of  America  do  enact, 

2  That  80  much  of  the  sixth  section  of  the  Act  approved  February 

3  l7th,  1864,  entitled  "An  Act  to  reduce  the  currency  and  to  au- 

4  thorizo  a  new  issue  of  notes  and  bonds,"  as  provides  that  the 

5  amount  of   bonds  to  be  issued  under  that  section   shall  not  ex- 
C  cced  five  hundred  millions  of  dollars,  is   hereby  repealed,  and 

7  the  amount  of  bonds  to   be  issued  under  that  section  shall  not 

8  exceed  one  thousand  millions  of  dollars. 

1  Sac.  2.     An  amount  of  the  bonds  aforesaid  not  exceeding  fire 

2  kundred  millions  of  dollars  (and  being  part  of  the  one  thousand 

3  millions  so  authorized)  may  be  issued  for  the  purpose  of  making 

4  the  exchangeB  hereinafter  authorized  to  be  made,  and  not  mor« 

5  than  five  hundred  millions  of  dollars  thereof  shall  be  issued  for 

6  other  purposes. 

1  Sec.  3.     Bonds  and  other  interest  bearing  securities  of  th« 

2  Confederate  States  may  be  exchanged  at  the  treasury  for  bondt 

3  to  be  issued  as  aforesaid  as  follows: 


2 

4  I.    Those  issued  in  the  year  eighteen  hundred  and  sixty-one  at 

5  the  rate  of  one  dollar  of  the  principal  thereof  for  one  dollar  of 

6  the  bonds  to  be  issued  : 

7  II.    Those  isstted  in  the  year  eighteen  hundred  and  sixty-two 

8  at  the  rate  of  four  dollars  of  the  principal  thereof  for  three  dol- 

9  lars  of  the  bonds  to  be  issued  : 

10  III.     Those  issued  in  the  year  eighteen  hundred  and  sixty-three 

11.  at  the  rate  of  two  dollars  of  the  principal  thereof  for  one  dol- 

12  lar  of  the  bonds  to  be  issued  : 

13  IV.    Those  issued  in  the  year  eighteen  hundred  aad  sixty-four 

14  at  the  rate  of  four  dollars  of  the  principal  thereof  for  one  dol- 

15  lar  of  the  bonds  to  be  issued. 

1  Sec.  4.     Treasury  notes  issued  according  to  said  Act  of  Febni- 

2  ary  17,  1864,  may  be  exchanged   in  like  manner  for  the  bonds 

3  so  to  be  issued,  at  the  rate  of  fire  dollars  thereof  for  one  dol- 

4  lar  of  the  bonds  to  be  issued,  and  all  Treasury  notes  not  bearing 

5  interest,  issued  under  previous  acts,  may  be  exchan,o-ed  in  like 

6  manner  at  the  rate  of  ten  dollars  thereof  for  one  dollar  of  the 

7  bonds  to  be  issued. 

1  Sec.  5.    The  President  may   prescribe  all  needful  regulations 

2  to  carry  this  Act  into  effect. 


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